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Obama Knew About AIG Bonuses Day Before They Were Paid
By Scott Wilson

President Obama was informed about the $165 million in bonuses due to employees of the American Insurance Group the day before they were paid out last week, the White House disclosed late Tuesday.

Obama has expressed outrage that the company, which has received about $170 billion in government bailout money, proceeded to pay out the bonuses. He said the idea of a company rescued with taxpayer money awarding bonuses runs counter to "our values."

The timeline released Tuesday marked the first time the White House has acknowledged when the president was told about the bonuses, which have prompted calls from Congress for the administration to recover the money.

Obama's press secretary, Robert Gibbs, has said the president has ordered White House and Treasury Department lawyers to find ways to block the bonuses, which were paid out Friday under contracts signed last year.

The president did not publicly express anger over the bonuses until after they were disclosed Sunday in The Washington Post.

That's about par for the course. The foxes are guarding the hen house. Obama, Geithner and Bernanke all have close ties to AIG and Goldman Sachs.

Where is Obama's Attorney General. Cumo is investigating financial wrong doings while Holder is hiding under his desk. Could it be that the new A.G. is pursuing a discrimination case against a retailer who told a transvestite bum to get off his property.

Of COURSE he knew about the bonus payments; this whole issue is moot and designed to get the American public looking away from what the Obama Administration is doing, it's a typical Liberal smokescreen. Chris Dodd (the largest recipient of campaign funding from AIG) wrote an amendment in the legislation that allowed AIG to do this! There were already pre-existing contracts for these bonus payments and Obama (the 2nd largest recipient of campaign funding from AIG) told us before that all contracts written before the bailout would be honored.

AIG CEO --Liddy is requesting those that received those bonus's return them. Right. That is going to happen just like the $105,000 campaign contribution that Obama received from AIG will be returned..

Hank Greenburg, former CEO for many years, is suing AIG for misreprentation. He lost hundreds of millions. Looks like there has been a great deal of crooked going on there. Add to the mix of sanctimonious politicians like Obama, Geithner and you have a pair that beats a full house. These assholes politicians are robbing us blind.

The Treasury Department was responsible for inserting exemptions into the stimulus bill that allowed bailout recipients to receive bonuses, Senator Chris Dodd said in a CNN appearance on Wednesday.

According to the Connecticut Democrat, officials at the Treasury Department expressed concern that if the government were to prohibit payouts it could or would be sued by companies like AIG, which had contracts stipulating that bonuses were to be paid.

At the urging of and with consultation with Department officials, Dodd modified a clause he had previously inserted into the stimulus that prohibited bonuses from being issued by bailed-out companies. An exemption was added to allow bonuses that applied to in-place contracts.
...

AIG CEO --Liddy is requesting those that received those bonus's return them. Right. That is going to happen just like the $105,000 campaign contribution that Obama received from AIG will be returned..

Hank Greenburg, former CEO for many years, is suing AIG for misreprentation. He lost hundreds of millions. Looks like there has been a great deal of crooked going on there. Add to the mix of sanctimonious politicians like Obama, Geithner and you have a pair that beats a full house. These assholes politicians are robbing us blind.

now there's a new track to take when I call my senators . . . . :) Have they given back their bonuses from these bailed out companies???